Closed Trades Week of 10/9/17:
We Batted 75% last week, booking a net $1,380 (assuming a 10-lot position sizing).
10/6: PG – Bought Oct (10/13) $93.5 puts for $1.65/share, sold for $3.50/share for $1.85/share gain.
10/9: TSLA – Shorted Oct (10/13) $365/375 bear call spread for $.63/share. Expired worthless for 100% Max Gain.
10/9: M – Shorted Oct (10/13) $21/22 bear call spread for $.15/share. Expired worthless for 100% Max Gain.
10/10: GOOGL – Shorted Oct (10/13) $1010/1020 bear call spread (3.5 DTE) for $.75/share. Stopped at $2.00/share.
Below is a daily chart of FedEx Corporation (FDX).
Trade: Provided it does not open over $224, consider shorting Oct (10/20) $227.5/232.5 bear call spread (5 DTE) for closing mid-point of $.35/share or better since extended hourly.
Technical Setup: Bearish engulfing of Bullish Wide Range Bar, setting up lower high daily.
Option Strategy: Bear Call Credit Spread (BCS).
Stop Loss: $226.52.
Adjustments and Comments on Open Advisory Letter Trades Note: Our Trade Updates are timely posted in a separate Report in the Member’s Area. Please see that document for a current reflection on all Open and Closed Trades since the spreadsheet updates immediately and will always be more current than this e-mail update. Thank you.
NOTE: Please see Master Trader Guidelines for Trading the Open and Gaps in Member’s Area for rules on trade entry, gaps, etc.
Below is a link to individual videos explaining in greater detail the definitions of the main option trading strategies used in the Master Trader Option Strategies Series for Investors and Active Traders to generate wealth and income.
Description of Master Trader Directional and Income Option Trades can be seen HERE
Please Sign Up for Text Alert Service for Timely Trade Updates!
As a subscriber to the Master Trader Advisory Letter, we would like to text you alerts for updates to open positions and or new ones in a timely manner. These will also be posted to the Spreadsheet in the Member’s Area and new recommendations will also be emailed.
However, a text message to your mobile device will happen within seconds. To get our text alerts, please text the word mastertraderweeklyop (one word) to 33222
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
NOTE: Master Trader will show opening and closing prices of all stock and option trades. We do not recommend proper share size for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk.
NOTE: Master Trader and its representatives might have existing positions in these and other trade recommendations before or after suggested herein. Additionally, we often manage them differently for internal purposes based on different risk parameters than noted herein.
